Regional Business Sector Rejects Trade Block

The regional business sector rejected SICA’s decision to block trade with Honduras because it would affect all the economies of the region.

The closing of Honduras’ borders to trade is rejected by the Central American Federation of Agricultural and Agro-Industrial Chambers because it restricts the freedoms of companies, industry, and commerce.

Claudia Acuña writes in Prensalibre.com: “The organization said that this measure is putting Central American families at risk of not getting food by prohibiting the trade of basic goods. Carlos Zuñiga, president of Fecagro, expressed that the political crisis in Honduras should be resolved according to the laws of that country.”

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The difficulties and obstacles highlighted by exporters in intraregional trade reveal the serious shortcomings of the much vaunted concept of Central American Integration.

Chambers representing exporters in Central American countries believe that instead of moving towards the integration of the region, the slow progress of the customs union and the high costs of transport is retracting from it.

The Salvadorian National Association of Private Companies received its Honduran counterpart, Cohep, to analyze the commercial situation.

The Honduran Private Business Council (Cohep, acronym in Spanish) will provide a presentation about the situation that Honduras is going through and the impact it is having on the business sector with losses in the millions.